Buying VS Leasing
Buying vs Leasing
When it comes to buying or leasing a car the options can be confusing.
To help you make an informed decision, we have provided the information below. We hope you find it informative and useful. When you buy the new or used car you pay for the entire cost of the vehicle. When you lease the new or used car, you pay for only a portion of the vehicle's cost, which is the part you use during the time you are driving it.
Who Owns It
Buying
Whether you pay for the car with cash, or finance it and make monthly payments, either way it's yours. Of course, if you're financing it, you'll have to meet the obligations the lender requires, like a certain down payment amount and timely monthly payments. If you don't, they have the right to repossess it
Leasing
You do not own the car when you lease. You're paying for the use of the vehicle, but the finance institution that you leased it through actually owns it. This is usually why you pay less per month in a lease than if you were to buy the car.
Up-front Costs
Buying
If you're financing it, the bank will probably request a down payment. You can also trade-in another vehicle and use any equity towards your down payment. The amount of the down payment is usually based on the lender's requirements and your credit score.
Leasing
Leases often do not require any type of a down payment. All you usually have to pay is the first month's payment, a security deposit, the acquisition fee and other fees and taxes. But, as with a purchase, if you want to lower your monthly payments you can always pay more upfront.
Future Value
Buying
Your vehicle will be worth whatever you can sell it for in the future and that depends on how well you maintain it. (Be smart and protect your investment with regular scheduled maintenance by a factory-authorized facility!)
Leasing
In most leases you don't end up owning it so you don't end up selling it. That's the financial institution's job. Although you may have mileage limits and wear and tear guidelines that, if you exceed them, could cost you extra money when you turn your vehicle back in.
End of Payments
Buying
Once you've paid off what you owe on your contract, that's it. Your vehicle is 100% yours. The lending institution will send you a Lien Release as proof that the vehicle is completely paid off and all yours.
Leasing
Most people return the vehicle at the end of the lease term. But some like to purchase it during their lease or at the end. Others like to trade it in before their lease is over. Just ask us about these different options before signing any paperwork and we'll make sure you have your lease set up the way you want it.
Contact Our Team
Dave Sinclair Ford
7466 S Lindbergh
St Louis MO, 63125
Monday | 9:00AM - 7:00PM |
Tuesday | 9:00AM - 6:00PM |
Wednesday | 9:00AM - 7:00PM |
Thursday | 9:00AM - 6:00PM |
Friday | 9:00AM - 7:00PM |
Saturday | 9:00AM - 5:00PM |
Sunday | Closed |
Monday | 7:00AM - 6:00PM |
Tuesday | 7:00AM - 6:00PM |
Wednesday | 7:00AM - 6:00PM |
Thursday | 7:00AM - 6:00PM |
Friday | 7:00AM - 6:00PM |
Saturday | 7:30AM - 4:00PM |
Sunday | Closed |
Monday | 7:00AM - 5:30PM |
Tuesday | 7:00AM - 5:30PM |
Wednesday | 7:00AM - 5:30PM |
Thursday | 7:00AM - 5:30PM |
Friday | 7:00AM - 5:30PM |
Saturday | 7:30AM - 4:00PM |
Sunday | Closed |
Monday | 8:00AM - 5:00PM |
Tuesday | 8:00AM - 5:00PM |
Wednesday | 8:00AM - 5:00PM |
Thursday | 8:00AM - 5:00PM |
Friday | 8:00AM - 5:00PM |
Saturday | Closed |
Sunday | Closed |
Although every reasonable effort has been made to ensure the accuracy of the information contained on this site, absolute accuracy cannot be guaranteed. This site, and all information and materials appearing on it, are presented to the user "as is" without warranty of any kind, either express or implied. All vehicles are subject to prior sale. Price does not include applicable tax, title, and license charges. ‡Vehicles shown at different locations are not currently in our inventory (Not in Stock) but can be made available to you at our location within a reasonable date from the time of your request, not to exceed one week.
Although every reasonable effort has been made to ensure the accuracy of the information contained on this site, absolute accuracy cannot be guaranteed. This site, and all information and materials appearing on it, are presented to the user "as is" without warranty of any kind, either express or implied. All vehicles are subject to prior sale. ‡Vehicles shown at different locations are not currently in our inventory (Not in Stock) but can be made available to you at our location within a reasonable date from the time of your request, not to exceed one week. Please Call for additional Information (314) 892-2600. All rebates to the dealer. All prior sales excluded. In stock units only. 0% offers may be in lieu of factory rebates, and are based on approved tier 1 credit through Ford Motor Credit. We make every attempt to display 100% accurate information, please call ahead to verify any information. Please Note Lien Fee ($6.00), Temporary Tag Fee ($5.00) and Dealer Administrative Fee ($499.00), Sales Taxes and Finance Charges are additional to the advertised price. Residency restrictions apply. See dealer for complete qualifications and details. Services not intended for California residents.